Tag: 2023
Vector Security named 2023 Signature Brands Partner of the Year by Genetec
March 5, 2024SSN Staff
PITTSBURGH—Vector Security, a provider of intelligent security solutions, announced that it has been awarded the 2023 Signature Brands Partner of the Year by Genetec.
This prestigious award recognizes Vector Security's commitment to excellence in leveraging Genetec's advanced security software to provide superior services to its customers, the company said.
"We are both honored and humbled to receive this recognition from Genetec," said Ahsan Sheikh, president of...
Evolv Q4 2023 highlights gun detection offering, new sporting venues
March 4, 2024SSN Staff
WALTHAM, Mass. – Evolv Technology, a security technology company developing AI-based weapons detection systems, announced its financial results for the fourth quarter (Q4) 2023 and issued its outlook for 2024 on February 29.
Among the notable statistics was that total revenue for the fourth quarter of 2023 was $21.8 million, an increase of 4% compared to $20.9 million for the fourth quarter of 2022. Annual Recurring Revenue (“ARR”)1 was $75.0 million at the end of fourth quarter...
Allegion Q4 report shows a return to trends
February 23, 2024SSN Staff
DUBLIN – Allegion, a global security products and solutions provider, have reported on the financial results for its fourth quarter (Q4) (ended Dec. 31, 2023).
The company reported fourth-quarter 2023 net revenues of $897.4 million and net earnings of $118.6 million, or $1.34 per share. Adjusted net earnings were $148.5 million, or $1.68 per share, down 0.6%, excluding charges related to restructuring, acquisition and integration costs and other non-cash impairment charges, as well as amortization...
Resideo uses 2023 momentum to pivot in 2024
February 14, 2024Ken Showers, Managing Editor
SCOTTSDALE, Ariz. – Resideo Technologies exited 2023 with a strong Q4, and now it's riding that momentum into 2024, making some significant changes to reshape its portfolio and operations.
Among the highlights for the year, Resideo saw revenue of $6.2 billion for 2023, an adjusted EBITDA of $552 million, and $440 million in cash from operations. Its report noted that the company improved business execution in the second half of the year with products and solutions transformation...
ADI announces 2023 Supplier Award recipients
February 13, 2024SSN Staff
MELVILLE, N.Y. – ADI Global Distribution has announced the recipients of its 2023 Supplier Awards.
In a release ADI revealed that it has selected Digital Watchdog as Supplier of the Year for North America. ADI also recognized suppliers in the categories of Operations, Marketing Support, Digital Support, Sales Support, New Product of the Year and Rookie of the Year.
"The ADI Supplier Awards exemplify the unwavering commitment, outstanding performance, and collaborative spirit that...
ADT exits residential solar market
February 5, 2024SSN Staff
BOCA RATON, Fla. – ADT revealed late in January that the company would be exiting its residential solar business.
The company said it will remain focused on cash flow generation and capital-efficient growth within its core security and smart home business. As part of this continued focus, ADT is also advancing its capital allocation strategy, including a cash dividend increase and authorization of a new share repurchase program.
“The decision to exit solar operations was made after...
Resideo reveals Q4 and 2023 results release date
January 29, 2024SSN Staff
SCOTTSDALE – Resideo Technologies, Inc., a global provider of home comfort, life safety and security solutions, and distributor of commercial and residential security and audio-visual products, will release its fourth quarter (Q4) and full-year 2023 financial results on Tuesday, Feb. 13, 2024.
A conference call and simultaneous webcast to discuss the results will be held on Tuesday, Feb. 13, at 5:00 p.m. ET. Interested investors and other parties can listen to a webcast of the...
SIA reveals 2024 Security Megatrends
December 12, 2023SSN Staff
SILVER SPRING, Md.—The Security Industry Association (SIA) has identified and forecasted the 2024 Security Megatrends, which outline the top 10 factors influencing both short- and long-term change in the global security industry.
SIA’s 2024 Security Megatrends were selected based on fall 2023 survey data and focus group input received from hundreds of top security industry business leaders, association leadership, key volunteers and speakers for the 2023 Securing...
Johnson Controls announces Q4 2023 earnings call
December 4, 2023SSN Staff
CORK, Ireland – Johnson Controls (JCI) has announced the date for its fourth fiscal quarter 2023 earnings call and webcast.
Occurring on Tuesday, Dec. 12, 2023, at 8:30 a.m. ET, the conference call for investors can be accessed either live via webcast at http://investors.johnsoncontrols.com/news-and-events/events-and-presentations, or by telephone (for "listen-only" participants and those who would like to ask a question) by dialing 844-763-8274 (in the United States) or +1-412-717-9224...
ISC East 2023 wraps successful show in New York City
November 21, 2023SSN Staff
NORWALK, Ct.—Organizers of ISC East 2023 have announced another year of successful programming for security professionals, as well as double-digit attendee growth from the previous year.
Built by RX Global and hosted in collaboration with premier sponsor Security Industry Association (SIA) and in partnership with ASIS NYC, ISC East featured keynote speakers, educational sessions, professional development, and over 220 exhibitors highlighting the latest technologies...